Zhou Yanling: November 4 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The trading environment during this period has been characterized by significant ups and downs. It seems that following the fluctuations in the market is the most stable approach. In simple terms, it means following the trend. The main difference between a trend and a range is that a trend is relatively controllable, with defined boundaries and visibility. However, it is essential to maintain patience; do not rush into trades before the right opportunity arises. Otherwise, you may easily be forced out early and then watch as the market moves in the opposite direction. I believe you do not want to experience this kind of regret, as Yanling's long position from yesterday was stopped out, which was quite frustrating. Therefore, before a clear market trend emerges, do not trade if you cannot find a good position; do not feel regretful, as this is the most stable way to trade trends. Sometimes, being too eager can lead to mistakes.
The daily chart shows that prices have been continuously declining recently, with a large bearish candle formed yesterday, indicating strong bearish momentum for the time being. On the hourly chart, a small bullish candle appeared at 01:00 on November 4, but the overall trend remains downward, failing to break the previous high around 108300. The technical indicators show that the hourly MACD histogram is negative and gradually shortening, with the fast and slow lines operating below the zero line, indicating weakened bearish momentum but not yet turning bullish. The hourly RSI has rebounded from the oversold zone (21.77) to 37.70, showing a short-term need for some recovery, but it still leans towards weakness. Both the hourly EMA7 and EMA30 are above the current price, indicating a bearish arrangement with clear pressure; the EMA120 is far from the current price, and the short-term trend remains downward. The strategy is to wait for a rebound to short, with the next support level to watch being the strength around the 100,000 psychological level.
Zhou Yanling's November 4 Bitcoin Trading Strategy:
Short at 108500-107700, stop loss above 109500, target 105500-104500
Long at 104500-105300, stop loss below 103500, target 106200-107200
Zhou Yanling's November 4 Ethereum Trading Strategy:
Short at 3730-3690, stop loss above 3780, target 3540-3500, continue to look for a breakdown towards around 3400
Long at 3400-3440, stop loss below 3350, target 3550-3600
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for a stable and decisive trading style, characterized by a friendly and responsible personality combined with sharp and decisive operations.
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